What does it take to really complete the license transition? Many agents believe that once they’ve completed the education requirements, they are finished. This misunderstanding may cost you dearly. Completing the education requirement is only the first step in the process.

Step 1Either complete a transition education program or pass the state proficiency exam. If you are unsure whether you have satisfied this requirement, please contact the state-approved school where you enrolled. If you passed the proficiency exam, the school was notified and should have contacted you. If you completed a transition education program, you should have received a certificate of completion from the school. You will need this certificate to complete Step 2.

Step 2Send in your new license application. All applications for license transition must be received by the Illinois Department of Financial & Professional Regulation (IDFPR) no later than April 30, 2012. To apply for your new license, choose the scenario that applies to you:

Scenario 1: You completed a transition education program.
You must apply for the new license using the state’s paper transition form and pay the state fee.

Real Estate Institute students received an envelope with their certificate of completion, state transition application form and even an envelope addressed to the IDFPR. Don’t forget to include your check or money order for the transition fee.

Students from other schools must go to IDFPR RE Transtion and click on “Transition Forms.” You must include your certificate of completion (provided by the school) and payment.

Scenario 2: You passed the proficiency exam.
You have the option of applying for the new license online or on paper. Your results have already been transmitted to the IDFPR by the state’s testing service (AMP).

Scenario 3: You are a broker and do not want to transition to the new managing broker license.
You are not transitioning to a new license type and will lose your ability to self-sponsor or manage other licensees; therefore, you do not need to apply for a new license. You must complete 12 hours of continuing education before your license renewal.

William – congratulations on your successful license transition! To earn your managing broker license, you should start by registering for our Complete Managing Broker Pre-License Program. Click here for detailed course information. Please call 800-995-1700 to speak with us if you have any questions after reviewing the information at our website.

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A considerable amount of care has been taken to provide accurate and timely information
in these updates. However, any ideas, suggestions, opinions or general knowledge presented
in this text are those of the authors and other contributors and are subject to local, state
and federal laws and regulations, court cases and any revision of the same. The reader is
encouraged to consult legal counsel concerning any points of law.

The updates should not be used as an alternative to competent legal counsel.